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AGA CGFM Exam - Topic 3 Question 54 Discussion

Actual exam question for AGA's CGFM exam
Question #: 54
Topic #: 3
[All CGFM Questions]

Revenue bonds are a liability limited to the pledged revenue. The issuer is thus not obligated _________ to repay the debt.

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Suggested Answer: C

by Mira at Aug 28, 2024, 10:58 AM

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Shawnna
3 months ago
Nope, it's A for sure!
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Elenore
3 months ago
Wait, are you saying they don't have to levy taxes? That seems odd.
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Ardella
3 months ago
Both of these sounds like a safe bet.
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Yvonne
4 months ago
I think B could also be a contender.
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Gerald
4 months ago
A is definitely the right choice!
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Dolores
4 months ago
I thought it was D because it seems like they have some obligations, but now I'm not so sure.
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Jolanda
4 months ago
I practiced a similar question, and I believe the answer is A. They can't levy taxes for revenue bonds, right?
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Casandra
4 months ago
I'm a bit unsure, but I think the issuer isn't obligated to use general fund revenues either. Maybe it's both options?
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Jacquline
5 months ago
I remember studying that revenue bonds are tied to specific revenue sources, so I think they don't have to levy taxes to repay them.
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Whitney
5 months ago
I'm a little confused by the wording of this question. Does "not obligated" mean the issuer can't use those sources, or just that they don't have to? I'll have to re-read the question a few times to make sure I understand it before answering.
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Joseph
5 months ago
Okay, I've got this. Revenue bonds are not backed by the full faith and credit of the issuer, so the issuer is not obligated to use taxes or general fund revenues to repay the debt. The correct answer must be D, "None of these."
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Casey
5 months ago
Hmm, I'm a bit unsure about this one. I know revenue bonds are different from general obligation bonds, but I can't quite remember the details. I'll have to think it through carefully before selecting an answer.
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Alease
5 months ago
This question seems straightforward. I think the key is understanding that revenue bonds are limited to the pledged revenue, so the issuer is not obligated to use other sources like taxes or general fund revenues to repay the debt. I'll go with option B.
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Ressie
5 months ago
I remember we discussed how using shared libraries can really help keep our Declarative Pipelines clean and maintainable. I think option C might be one of the right answers.
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Tiera
1 year ago
C, both A and B. The issuer is not obligated to use either taxes or general fund revenues. They're practically free to do whatever they want, right?
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Jennie
1 year ago
D, obviously. Revenue bonds don't touch the general fund or taxes. That's like using a water gun to put out a forest fire.
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Gail
1 year ago
D) None of these
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James
1 year ago
C) Both of these
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Lanie
1 year ago
B) General fund revenues
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Karima
1 year ago
A) Levy taxes
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Rutha
2 years ago
A? Levy taxes? That's like asking a toddler to pay off a mortgage. Come on, this can't be that easy!
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Louvenia
1 year ago
B) General fund revenues
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Paz
1 year ago
C) Both of these
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Troy
1 year ago
A) Levy taxes
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Ayesha
2 years ago
I see your point, Nida. But I think the answer is B) General fund revenues because revenue bonds are not backed by the general fund.
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Nida
2 years ago
I disagree, I believe the answer is C) Both of these because revenue bonds are specifically tied to pledged revenue.
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Rosio
2 years ago
I think the answer is A) Levy taxes.
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